Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) Sees Significant Increase in Short Interest

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 7,473 shares, a growth of 115.4% from the December 31st total of 3,470 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 32,960 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 32,960 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Xtrackers Short Duration High Yield Bond ETF

A hedge fund recently raised its stake in Xtrackers Short Duration High Yield Bond ETF stock. USAdvisors Wealth Management LLC grew its holdings in Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,506 shares of the company’s stock after purchasing an additional 501 shares during the period. USAdvisors Wealth Management LLC owned approximately 0.31% of Xtrackers Short Duration High Yield Bond ETF worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

Xtrackers Short Duration High Yield Bond ETF Stock Up 0.2%

Shares of NYSEARCA SHYL traded up $0.07 during midday trading on Friday, reaching $45.12. 50,755 shares of the stock were exchanged, compared to its average volume of 45,033. The company has a 50 day simple moving average of $45.06 and a 200 day simple moving average of $45.12. Xtrackers Short Duration High Yield Bond ETF has a twelve month low of $42.03 and a twelve month high of $45.55.

About Xtrackers Short Duration High Yield Bond ETF

The Xtrackers Short Duration High Yield Bond ETF (SHYL) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high-yield corporate bonds with 0 to 5 years remaining to maturity. SHYL was launched on Jan 10, 2018 and is managed by Xtrackers.